Holiday Season Brings New Opportunities for BizAuctions Inc.
December 17 2009 - 7:41PM
Marketwired
TheMarketFinancial.com, the news portal which covers the latest
Wall Street developments while delivering financial and investment
intelligence to a community of highly informed investors, has
issued a special independent research coverage on BizAuctions Inc.
(PINK SHEETS: BZCN).
Shares of the company finished the day at $0.0016, down 11.11%
from the opening bell. The stock reached an intraday high of
$0.0020 which seemed to be a major resistance, thus causing it to
fall near the $0.0016 levels where it has found a nice support
level. Investors are currently awaiting company news regarding
their next quarterly, and as well an update on the much anticipated
holiday season sales with revenues expected to increase. During the
same time last year, the stock reached a high of $0.11, after news
of gaining new business from commercial and retail owners for the
resale of their used industrial equipment. Excitement within the
investment community is growing as technical analysis experts await
the stock's 50 day MA and 200 day MA to cross, thus paving the way
for the illusive Golden Cross formation.
"BizAuctions Inc. is one of those companies which thrives during
hard-hit economic times, an example of which being the current
recession we are in. Discount, markdown, and coupon companies will
benefit the most as sales usually increase due to consumers seeking
new ways to satisfy their holiday spending habits," writes Michael
Vlaicu of TheMarketFinancial. "With the upcoming holiday season
fast approaching, BizAuctions Inc. is one of those small companies
which should reap the benefits, gain new customers and thus
reestablish a renewed sense of optimism from investors. Revenue of
$1,340,904 during six months ended June 30 2009, and a highly
undervalued estimated $640M market cap compared to other
competitors should trigger some technical buy signals across the
board."
To read the company profile published by TheMarketFinancial,
visit this link:
http://www.themarketfinancial.com/holiday-season-may-bring-renewed-interest-in-bizauctions-otcbzcn-pk
A special company alert was also issued at:
http://www.themarketfinancial.com/bullish-breakout-technical-alert-otcbzcn/
About TheMarketFinancial
TheMarketFinancial.com is a website which hosts services for MiV
Investments Inc. The website contains a blog, free level 2 quotes,
stock research reports, conference calls, news feeds, mass e-mail
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analysis from a variety of accomplished authors and stock market
analysts. TheMarketFinancial is not paid, compensated or in any way
incentivized to report news and developments about publicly traded
companies, unless otherwise stated. Occasionally, the company
obtains and engages in investor relations contracts.
For more financial and investment news, visit
www.TheMarketFinancial.com.
Contacts: Media Contact: TheMarketFinancial.Com Michael Vlaicu
Managing Editor 416-312-6929
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